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    This Is How Entrepreneur Jared Isaacman Made Billions: The Commander Of Polaris Dawn Mission

    Alexander Johnson

    By Alexander Johnson - May 29, 2024 | Updated On: 05 July, 2024 | 3 min read

    By Alexander Johnson , 3 min read - May 29, 2024

    Updated On: 05 July, 2024

    Entrepreneur Jared Isaacman. Image Credit: Trevor Cokley.




  • 2024 is the biggest year for both finance and science. Why? Because there have never been more billionaires than before. Likewise, ambitious space projects are finally happening.

    Out of 2,781 billionaires worldwide, American entrepreneur Jared Isaacman holds an impressive position. He is an aviator, space tourist, and businessman. Most importantly, he is the commander of the 2024 Polaris Dawn mission.

    Therefore, today, we will examine this American national’s inspirational journey. We will share how Jared made billions of dollars. We will discuss his early life, profession, and investments.




  • Early Life, Family, And Education – What Shaped His Future?

    Issacman was born on February 11, 1983. His parents are Donald Isaacman and Sandra Marie Isaacman. He is Jewish and has three siblings. Marc Isaacman and Michael Isaacman are his brothers. He has one sister named Tiffany Isaacman.

    By age 21, Jared had learned flying lessons, and at 26, he set a world record for circling the globe 20 hours faster than the prior record of 82 hours.

    Isaacman graduated from Embry-Riddle Aeronautical University with a bachelor’s degree in professional aeronautics in 2011. He can fly multiple military jet aircraft and has flown in several air shows.

    Issacman is married to Monica Isaacman and has two daughters. He resides with his family in Washington Township, New Jersey.




  • Founded United Bank Card In 1999

    At sixteen, Jared founded United Bank Card, a retail payment processing company. It was later named Harbortouch. He was the founder member and chief executive officer of the company.

    Similarly, the company was highly profitable, with a reported $11 billion profit from sixty thousand merchants in one year. It generated revenue of $300 million.

    Entrepreneur Jared Isaacman

    Entrepreneur Jared Isaacman. Image Credit: Social Media.

    Furthermore, Harbortouch was again renamed Shift4 Payments. Issacman is still the chief executive officer of the company. By 2020, the company processed around $200 billion in payments annually.

    According to Forbes, Shift4 processes payments for a third of America’s restaurants and motels. Isaacman made it public in June 2020 and owns 38% of the stock.




  • Therefore, Jared Issacman must have collected hundreds of millions of dollars as Shift4’s founder and CEO.

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    Entrepreneur Jared Isaacman Earnings As CEO

    Even though there is no early record of Jared’s earnings as the company’s executive, some sources have published his earnings from 2020 to the present.

    In 2020, Issacman made around $744,765 in total compensation. To break down, $188915 was his base salary, with $555,850 from other types of compensation.




  • Entrepreneur Jared Isaacman

    Entrepreneur Jared Isaacman. Image Credit: NASA/Norah Moran.

    Similarly, Jared earned around $6,194,309 in 2021 as the CEO of Shift4. According to salary.com, his base salary was $48,007, with $5,749,961 as stock and $396,341 from other types of compensation.

    Furthermore, the American national earned $7 million in 2022. Also, he received around $8.9 million in 2023. Still, these incomes only suggest his earnings as CEO.

    Thus, he must have collected even more money as an investor and owner.

    Founding Draken International Further Enhanced Jared’s Wealth: Net Worth Of $1.7 Billion

    The American national co-founded Draken International in 2012. It trains pilots for the United States Armed Forces. According to multiple sources, Drake has one of the world’s largest fleets of privately owned combat jets.




  • Entrepreneur Jared Isaacman sold a heavy stake in Draken to Blackstone in 2019. The exact amount of the transaction is not revealed; however, the amount tops a nine-figure sum.

    Thus, Jared Issacman’s net worth must have been elevated to new heights after this venture.

    Here’s a breakdown of Issacman’s net worth over the years:

    Year Net Worth
    2021 $2.3 billion
    2022 $1.6 billion
    2023 $2.1 billion
    2024 $1.7 billion

    Table Source: Forbes




  • Forbes estimates Jared Issacman’s net-worth to be around $1.7 billion, ranking him 1953 in the world billionaires list as of May 2024.

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    The Commander Of Polaris Dawn Mission

    As mentioned before, Jared is a skilled pilot. He has collaborated with SpaceX missions in the past, including Inspiration4.

    During the Inspiration4 mission, Isaacman made history by making the first known sports bet from space, placing two bets on NFL football with the BetMGM Sportsbook while over Las Vegas.




  • Entrepreneur Jared Isaacman

    Entrepreneur Jared Isaacman. Image Credit: NASA/Norah Moran.

    Similarly, Issacman is named the commander of the Polaris Dawn mission. He will collaborate with Scott Poteet (Mission Pilot), Sarah Gillis (Mission Specialist), and Anna Menon (Mission Specialist and Medical Officer).

    Therefore, it looks like Entrepreneur Jared Isaacman is ready to bring another achievement to his name. Despite being a billionaire, he did not abandon his passion for flying.

    FAQs

    Q: What is Jared Isaacman’s net worth?




  • A: Issacman is worth $1.7 billion.

    Q: Does Jared own a MiG-29?

    A: Yes, Jared owns a MiG-29.

    Q: What is Jared Isaacman known for?




  • Q: Isaacman is the founder of Draken International and Shift4 Payments.




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